Sweden's EKN drops fossil investments

The Swedish Export Credit Agency will no longer invest in natural gas extraction in the Arctic, for example. Going forward, investments through the agency will happen in accordance with the targets set by the Paris agreement.

Among others, fossil investments in the Arctic via EKN will end. | Photo: John Mcconnico/AP/Ritzau Scanpix

BY VICTOR EMIL KRISTENSEN, ENERGYWATCH

Guidelines on renewable energy and climate change mitigation are poorly compatible with investments in oil extraction in the Arctic, Sweden's government has decided.

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Sweden's EKN drops fossil investments

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Further reading

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